South Korean Giants Eye Expansion in India Amid Modi Talks
South Korea Inc meets Modi; Cos including Samsung & LG looking to expand in key market, export more
The Economic TimesImage: The Economic Times
Top South Korean conglomerates, including Samsung Electronics and LG Group, met with Indian Prime Minister Narendra Modi to discuss expansion and export strategies in India. The discussions focused on investments in emerging sectors like semiconductors and electric mobility, aiming to boost bilateral trade from $27 billion to $50 billion by 2030.
- 01Samsung, LG, and Hyundai are planning significant investments in India.
- 02The focus includes sectors like semiconductors and electric mobility.
- 03Bilateral trade aims to double to $50 billion by 2030.
- 04The meeting highlighted India's importance as a key market for South Korean companies.
- 05A joint development agreement was signed between Hyundai and TVS Motor Company.
Advertisement
In-Article Ad
In a significant meeting in New Delhi, South Korean conglomerates such as Samsung Electronics, LG Group, and Hyundai Motor discussed plans for expansion and increased exports to India with Prime Minister Narendra Modi. The discussions emphasized investments in emerging sectors like semiconductors and electric urban mobility solutions. The South Korean delegation, part of President Lee Jae Myung's visit, included around 200 business executives, highlighting the importance of India as a strategic market. Modi urged the conglomerates to deepen their investments, particularly in artificial intelligence and semiconductors, as both countries aim to double their bilateral trade from approximately $27 billion to $50 billion by 2030. A notable agreement signed during the visit was between Hyundai and Chennai-based TVS Motor Company for joint development of electric mobility solutions, showcasing the collaborative spirit of the two nations.
Advertisement
In-Article Ad
This expansion could lead to increased job opportunities and technological advancements in India, particularly in the electric mobility and semiconductor sectors.
Advertisement
In-Article Ad
Reader Poll
Do you think South Korean investments will significantly boost India's economy?
Connecting to poll...
More about Samsung Electronics

PM Modi Takes Selfie with Samsung Chairman and South Korean President Using Galaxy Z Flip7
Hindustan Times • Apr 21, 2026

Samsung Chairman Captures Moment with Indian PM and South Korean President Using 'Made in India' Phone
News 18 • Apr 20, 2026
Hyundai Motor Union Demands 30% of Net Profit as Performance Bonuses
The Economic Times • Apr 20, 2026
Read the original article
Visit the source for the complete story.

